Hanover Bancorp, Inc. Stock Price, News & Analysis

Hanover Bancorp (NASDAQ: HNVR) reported full-year 2025 results and declared a $0.10 quarterly cash dividend payable Feb 26, 2026 to holders of record Feb 12, 2026. Key 4Q25 metrics: net income $0.033M after a $6.1M PCL, pre-provision net revenue $6.2M (1.08% of assets), NIM 2.84% and deposits $2.03B.

The company removed $9.6M of NPLs, repurchased 56,711 shares in 4Q25, and plans a Riverhead branch pending regulatory approval.

Hanover Bancorp (NASDAQ: HNVR) reported third quarter 2025 results and declared a $0.10 per share quarterly cash dividend payable November 20, 2025 to shareholders of record November 13, 2025.

Key Q3 results: net income $3.5M ($0.47 diluted), pre-provision net revenue $6.0M, net interest income $15.2M, and net interest margin 2.74%. Loans totaled $1.99B and total deposits were $1.97B. Undrawn liquidity sources were $712.2M (~253% of uninsured deposits). Book value per share rose to $27.03 and tangible book to $24.43 at September 30, 2025.

Hanover Bank (Nasdaq: HNVR) has launched its completely redesigned website, marking a significant upgrade to its digital presence. The new platform features enhanced user functionality, responsive design, and intuitive navigation across all devices.

The redesigned website focuses on three primary service verticals: business, personal, and municipal banking. Key improvements include a modernized user interface, mobile responsiveness, simplified access to banking solutions, and SEO-optimized content. Chairman and CEO Michael P. Puorro emphasized this launch as part of the bank's strategic initiatives for long-term growth.

Hanover Bank (Nasdaq: HNVR) has launched its first-ever radio and digital audio advertising campaign to strengthen its community presence and support its growth strategy. The campaign will air on major local stations including WALK-FM, WBAB-FM, 1010 WINS, and WFAN, along with geo-targeted ads on SPOTIFY® within a 10-mile radius of Hanover branches.

The initiative coincides with the bank's physical expansion, including its recent Port Jefferson branch opening and plans for additional locations. The campaign aims to highlight Hanover's customized service approach and commitment to serving local businesses and communities across Long Island and the New York metropolitan area.

Hanover Bancorp (NASDAQ:HNVR) reported Q2 2025 results with net income of $2.4 million or $0.33 per diluted share. Key highlights include net interest income of $14.8 million, up 11.69% year-over-year, and net interest margin expansion to 2.76%.

The bank demonstrated strong demand deposit growth of $28.1 million (13.03%) from March 31, 2025, maintaining solid liquidity with $686.5 million in undrawn sources. Asset quality remained robust with non-performing loans at 0.64% of the total portfolio. The company was added to the Russell 2000 Index and declared a $0.10 per share quarterly dividend.

Hanover Bank (Nasdaq: HNVR) has announced the opening of its tenth branch in Port Jefferson, Long Island, marking its second location in Suffolk County. The new branch, located at One North Country Road, will provide comprehensive commercial banking services including commercial lending, treasury management, and cash flow solutions, alongside consumer banking services.

The strategic expansion strengthens Hanover's presence in the Long Island region, complementing its network across the New York metropolitan area and Freehold, New Jersey. The branch features modern design elements and dedicated consultation spaces to deliver personalized, relationship-focused banking services to local businesses and residents.

Hanover Bancorp (NASDAQ: HNVR) reported Q1 2025 results with net income of $1.5 million ($0.20 per diluted share). Adjusted net income, excluding core system conversion expenses of $2.6 million, was $4.1 million ($0.55 per diluted share).

Key highlights include:

• Net interest income increased 13.10% YoY to $14.6 million
• Net interest margin expanded to 2.68% from 2.41% YoY
• Strong liquidity position with $679.0 million in undrawn sources
• Non-performing loans decreased 28.5% to $11.7 million (0.60% of total loan portfolio)
• Commercial real estate concentration ratio improved to 369% from 416% YoY

The company completed its core processing system conversion to FIS Horizon in February 2025 and declared a $0.10 per share cash dividend payable May 14, 2025.

Hanover Bank (NASDAQ: HNVR) has successfully completed its core banking system conversion on February 18, 2025, marking a significant technological upgrade aimed at enhancing digital banking capabilities and operational efficiency.

The new system features improved user interfaces, enhanced digital banking tools, and state-of-the-art security protocols. Key improvements include faster services, customizable business solutions, and enhanced reporting capabilities for better decision-making.

According to Chairman & CEO Michael P. Puorro, this conversion represents more than just a technological upgrade - it's designed to create long-term value for clients in an increasingly digital marketplace. The bank's employees have received comprehensive training to maximize the system's capabilities, enabling more efficient service delivery and automated back-office functions.

Hanover Bank (Nasdaq: HNVR) has unveiled a new logo as part of its brand identity refresh, symbolizing the bank's evolution in digital banking services. The initiative reflects the company's commitment to combining innovation with traditional banking values since its 2009 founding.

The rebranding effort, announced by Chairman and CEO Michael P. Puorro, encompasses a comprehensive update across all touchpoints, including digital platforms, branch signage, and advertising. The refreshed identity aims to showcase Hanover Bank's focus on delivering agile, innovative banking solutions while maintaining its core values of trust and stability.